WCM Investment Management LLC Acquires 47,244 Shares of Black Hills Co. (NYSE:BKH)

WCM Investment Management LLC raised its stake in shares of Black Hills Co. (NYSE:BKH) by 200.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,783 shares of the utilities provider’s stock after acquiring an additional 47,244 shares during the period. WCM Investment Management LLC owned approximately 0.10% of Black Hills worth $4,133,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc lifted its position in Black Hills by 181.5% during the fourth quarter. Versant Capital Management Inc now owns 473 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 305 shares during the period. Blue Trust Inc. raised its stake in Black Hills by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 577 shares of the utilities provider’s stock valued at $35,000 after buying an additional 265 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Black Hills by 83.3% during the 4th quarter. UMB Bank n.a. now owns 625 shares of the utilities provider’s stock valued at $37,000 after buying an additional 284 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Black Hills in the 3rd quarter worth $45,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Black Hills in the third quarter worth $82,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their target price on Black Hills from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday.

Black Hills Stock Down 0.7 %

Shares of BKH stock opened at $59.46 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 1.20. Black Hills Co. has a 12 month low of $49.50 and a 12 month high of $65.59. The stock has a market cap of $4.26 billion, a P/E ratio of 15.17, a P/E/G ratio of 4.30 and a beta of 0.73. The company has a 50 day simple moving average of $59.02 and a two-hundred day simple moving average of $59.68.

Black Hills (NYSE:BKH) last posted its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.37 EPS for the quarter, topping the consensus estimate of $1.20 by $0.17. Black Hills had a return on equity of 7.88% and a net margin of 12.84%. On average, research analysts expect that Black Hills Co. will post 4.13 earnings per share for the current year.

Black Hills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Tuesday, February 18th will be paid a dividend of $0.676 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from Black Hills’s previous quarterly dividend of $0.65. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.55%. Black Hills’s payout ratio is 66.33%.

Black Hills Company Profile

Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. The company operates in two segments: Electric Utilities and Gas Utilities. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 222,000 electric utility customers in Colorado, Montana, South Dakota, and Wyoming; and owns and operates 1,394 megawatts of generation capacity and 9,106 miles of electric transmission and distribution lines.